Economy Jul 11

A man walks away from the U.S Treasury Department in Washington, U.S., August 6, 2018. Photo by: Brian Snyder/Reuters
U.S. budget deficit jumps 23 percent this fiscal year

The surge in deficits reflects a variety of factors including a $1.5 trillion tax cut President Donald Trump pushed through Congress in late 2017 and billions of dollars in extra spending Congress approved in early 2018.

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